SHINVA(SH:600587)2018-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 35.08% to CNY 28,617,313.81 compared to the same period last year[6] - Operating revenue increased by 3.22% to CNY 2,175,483,085.15 compared to the same period last year[6] - Basic earnings per share decreased by 36.36% to CNY 0.07 compared to the same period last year[6] - The weighted average return on net assets decreased by 0.49 percentage points to 0.86%[6] - The company reported a net profit margin improvement, although specific figures were not disclosed in the provided content[22] - Net profit for Q1 2018 was CNY 1,439,667.34, down 83.1% from CNY 8,503,942.92 in Q1 2017[27] - The company's total comprehensive income for Q1 2018 was CNY 1,439,667.34, compared to CNY 8,503,942.92 in the previous year[27] - Basic and diluted earnings per share for Q1 2018 were both CNY 0.07, down from CNY 0.11 in Q1 2017[24] Assets and Liabilities - Total assets decreased by 1.64% to CNY 12,221,102,748.75 compared to the end of the previous year[6] - Total liabilities decreased to CNY 8,050,375,100.17 from CNY 8,299,418,167.39 at the beginning of the year, reflecting a reduction of approximately 3%[17] - Current liabilities totaled CNY 7,416,221,996.16, down from CNY 7,667,862,084.62, indicating a decrease of about 3.3%[17] - Non-current liabilities were CNY 634,153,104.01, slightly up from CNY 631,556,082.77, showing a marginal increase[17] - Cash and cash equivalents decreased by 31.64% to ¥1,018,471,492.31 from ¥1,489,953,346.52 due to a reduction in bank deposits[11] - Accounts receivable decreased by 56.20% to ¥49,088,777.13 from ¥112,067,807.73 primarily due to a decrease in bill settlement business[11] - Prepayments increased by 36.21% to ¥493,014,422.17 from ¥361,963,163.96 due to an increase in advance payments for goods[11] - Non-current assets due within one year decreased by 83.10% to ¥1,462,083.63 from ¥8,651,486.04 due to the recovery of long-term receivables[11] - Other current assets decreased by 53.97% to ¥28,579,101.99 from ¥62,086,024.13 due to the recovery of short-term investments by subsidiaries[11] - Tax payable decreased by 68.09% to ¥59,281,860.99 from ¥185,796,725.37 due to an increase in tax payments during the period[11] Cash Flow - Net cash flow from operating activities was negative at CNY -355,131,904.00, compared to CNY -59,988,780.41 in the previous year[6] - The company experienced a decrease in cash flow from operating activities, with CNY 2,187,014,518.14 in Q1 2018 compared to CNY 2,327,925,590.76 in Q1 2017, a decline of 6.0%[29] - Total cash inflow from operating activities was 2,234,953,784.97 RMB, while cash outflow was 2,590,085,688.97 RMB, resulting in a net cash outflow of 355,131,904.00 RMB[30] - Cash inflow from investment activities totaled 367,248,918.54 RMB, while cash outflow was 401,272,345.92 RMB, leading to a net cash outflow of 34,023,427.38 RMB[30] - Cash inflow from financing activities was 1,355,662,929.17 RMB, with cash outflow of 1,391,334,017.38 RMB, resulting in a net cash outflow of 35,671,088.21 RMB[31] - The ending balance of cash and cash equivalents was 854,859,057.79 RMB, down from 1,283,760,363.13 RMB at the beginning of the period[31] Shareholder Information - The total number of shareholders reached 31,764[9] - The largest shareholder, Zibo Mining Group, holds 28.77% of the shares, totaling 116,947,642 shares[9] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 10,110,556.89 related to its normal business operations[6] - Non-operating income and expenses totaled CNY 8,321,544.54, with a significant portion attributed to government subsidies[8] - Other income amounted to ¥8,585,856.89, reflecting changes in accounting policy[12] Investment and Stock Issuance - Investment income decreased by 92.57% to -¥107,996.39 from -¥1,453,759.41 due to changes in long-term equity investment income[12] - The company is currently undergoing a review process for a non-public stock issuance application by the China Securities Regulatory Commission[13] - The company has received partial performance compensation of ¥995.08 million for unmet profit commitments from previous years[13]